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    SEC Form 6-K filed by Vision Marine Technologies Inc.

    6/3/25 4:01:18 PM ET
    $VMAR
    Marine Transportation
    Industrials
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    6-K 1 tm2516938d1_6k.htm FORM 6-K

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 6-K

     

    REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

     

    For the month of May 2025

     

    Commission File No. 001-39730

     

    VISION MARINE TECHNOLOGIES INC.

    (Translation of registrant’s name into English)

     

    730 Boulevard du Curé-Boivin

    Boisbriand, Québec, J7G 2A7, Canada

    (Address of principal executive office)

     

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

     

    Form 20-F x    Form 40-F ¨

     

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨

     

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨

     

     

     

     

     

    Submission of Matters to a Vote of Security Holders.

     

    On May 23, 2025, Vision Marine Technologies Inc. (the “Company”) convened its Annual General Meeting of Shareholders (the “Meeting”).

     

    Represented at the Meeting were 4,260,996 common shares of the Company, no par value (the “Common Shares”), or 40.9%, of the Company’s 10,400,665 Common Shares entitled to vote at the Meeting, which amount constituted a quorum. The final voting results for each matter submitted to a vote of shareholders at the Meeting are as follows:

     

    1. Fixing the number of directors of the Company at six (6)

     

    The shareholders approved the proposal as an ordinary resolution to fix the number of directors of the Company at six (6).

     

    For   Against   Abstain   Broker Non-Vote
    3,500,275   405,514   355,207   0

      

    2. Election of directors

     

    The shareholders approved the proposal as an ordinary resolution to elect the following as directors to serve on the Board of Directors of the Company, to hold office until the next annual meeting of shareholders and until his or her respective successor is elected and duly qualified.

     

    Director’s Name   For   Withheld   Broker Non-Vote
    Steve P. Barrenechea   540,499   159,616   3,560,881
                 
    Luisa Ingargiola   535,765   164,350   3,560,881
                 
    Alexandre Mongeon   614,915   85,200   3,560,881
                 
    Anthony E. Cassella, Jr.   614,305   85,810   3,560,881
                 
    Dr. Philippe Couillard   541,004   159,111   3,560,881
                 
    Pierre Yves Terrisse   615,097   85,018   3,560,881

     

    3. Appointment of M&K CPAs, PLLC (“M&K”), as the Company’s independent registered public accounting firm for the ensuing year and authorization of the board of directors to fix the remuneration to be paid to M&K for the ensuing year.

     

    The shareholders approved the proposal as an ordinary resolution to ratify the appointment of M&K as the Company’s independent auditors for the ensuing year and to authorize the Board of Directors to fix the remuneration to be paid to M&K for the ensuing year.

     

    For   Against   Abstain   Broker Non-Vote
    3,660,292   367,872   232,824   0

     

     

    4. Amendment of section 4 of the general by-laws of the Company to reduce the quorum required for shareholders’ meetings from 20% to 5% of the votes entitled to be cast at a shareholder’s meeting.

     

    For   Against   Abstain   Broker Non-Vote
    482,780   111,832   105,503   3,560,881

     

    5. To Amend and restate the Company’s stock option plan by ordinary resolution, adopted on April 23, 2021 by ensuring that the maximum number of the Common Shares issuable under the option plan, when combined with all other share compensation arrangements, does not exceed 10% of the outstanding Common Shares.

     

     

    For   Against   Abstain   Broker Non-Vote
    492,407   179,966   27,742   3,560,881

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      VISION MARINE TECHNOLOGIES INC.
         
    Date: June 3, 2025 By: /s/ Raffi Sossoyan
      Name: Raffi Sossoyan
      Title: Chief Financial Officer

     

     

     

     

     

     

     

     

     

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